Shares in Gulf Keystone (LSE: GKP)jumped 5.5% in London on Wednesday after the company announced the completion of drilling and testing operations on its Shaikan-3 shallow appraisal well. This well was designed to drill and test the Cretaceous intervals in the immediate vicinity of the Shaikan-1 discovery well. The Company has a 75 percent working […]
Shares in Gulf Keystone Petroleum (LSE: GKP) gained 4% this morning following the commencement of drilling at the Shaikan-2 appraisal well. The text of the company's announcement follows: Gulf Keystone announces the commencement of drilling operations on its Shaikan-2 appraisal well, on December 1, 2010. This is the first deep appraisal well to be drilled […]
Shares in Gulf Keystone Petroleum (LSE: GKP) jumped 6.5% on Monday morning following an update on theie current exploration and testing activities in the Kurdistan region of Iraq: Shaikan-3 The well is currently in the Cretaceous Garagu Formation at 1,229 metres, measured depth. Oil shows have been observed both while drilling and also in a […]
Gulf Keystone Petroleum (LSE: GKP), the Aim-quoted oil explorer, has raised £109m ($175m, 210 billion Iraqi dinars) to accelerate its Iraq-based drilling programme in a surprise share placement. The Financial Times reported on Saturday tha the placement was run by Mirabaud Securities and priced at 140p a share; Gulf Keystone’s shares closed at 143½p on […]
